UNIVERSITY 31-25

Operated by RED STAG OPERATING, LLC (P-5 697118) in the UNIVERSITY 31 (STRAWN-DETRITAL) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 126462District 7CField 92626600NGPA filingCondensateGasSaveExport
Value, all time
$66 k
Jan 1993 – May 2026
Value, last 12 filed months
$2 k
at the published price for each month
Months reported
401
no gaps in the span
Streams
2
condensate, gas

The Railroad Commission's own record for the field this lease produces from, including the spacing rule that governs how close together its wells may be drilled.

These are facts about the field, not about this lease. The field holds 192 leases and 192 wells, and the rule below applies to all of them.

Discovered
1980-07-03
as the register files it
Field class
Gas
the register's own label
Between wells
1,320 ft
minimum
From a lease line
660 ft
minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 1994-10-24.

The Commission's schedule remark for this field reads: AOF-1 AND AOF-2 EFFECTIVE 11/01/96.

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

ProgrammeFilingsWith an approval dateDatedDocket
NGPA1none

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

What this lease produced, and what it was worth

Oil and condensate are valued on the volume the state records as disposed of; gas and casinghead gas on the volume produced. They are different columns of different files, and the difference is not cosmetic.

StreamBasisVolumeValue
CondensateDisposition10 bbl$167
GasProduction17,505 Mcf$65,403
Total$65,570

2,373 Mcf of this lease's gas, across 48 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

Wells on this lease (1)

Every wellbore the Railroad Commission records against this lease key, with the depth, the last completion and the plug date exactly as filed. A well with no plug date is not stated to be producing — the state files no such flag.

These wells centre on 30.7604, -101.3871. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.76038, -101.38712 · centre of the wells drawn, derived

What these wells add up to

Every figure below is counted over all of this lease's wells, not over the rows listed above. The Railroad Commission files two facts about a well's state — a plug date and a proration-schedule flag — and a well can carry both, so they are published as separate counts and never merged into a status.

On the schedule
0.0%
0 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
8,373 ft
1 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
00.0%
A plug date is filed
00.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
NeitherNo plug date, and not on the schedule.
1100.0%

A plug date is the date the Commission recorded the wellbore as sealed with cement and abandoned. It is the only end-of-life fact Texas files. There is no "active" flag on a well, so this page does not print one — a well with no plug date is not stated to be producing.

How deep they were drilled

The one well that filed a depth was drilled to 8,373 ft.

Completions filed
Dec 1987
1 of 1 wells

1 well

42-1053544438,373 ftDec 1987

The API number is the state's, prefixed 42 for Texas. A well is matched to this lease by the lease key the Commission files on the wellbore record, so a well that has moved between leases appears under each one it was filed against.

Every month this lease reported (401)

Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.

401 months

May 2026033106.413.05$101
Apr 20260398.932.87$9
Mar 202601489.753.15$44
Feb 202604663.503.75$173
Jan 202602159.138.00$168
Dec 202502956.664.41$128
Nov 202504158.593.93$161
Oct 202505159.383.30$169
Sep 202505462.743.08$166
Aug 202506063.933.01$181
Jul 202505666.743.32$186
Jun 202505866.483.13$181
May 202505860.553.23$187
Apr 202506662.363.54$234
Mar 202507767.704.27$329
Feb 202502570.884.34$109
Jan 20250574.324.28$21
Dec 202402468.993.12$75
Nov 202402469.052.20$53
Oct 202402571.372.28$57
Sep 202403669.612.36$85
Aug 202402475.632.06$50
Jul 202402379.932.15$49
Jun 202405878.082.63$153
May 202405878.812.20$128
Apr 202403784.451.66$61
Mar 202404580.301.55$70
Feb 202404576.091.78$80
Jan 202404573.023.30$148
Dec 202305771.262.61$149
Nov 202302777.892.81$76
Oct 202302585.443.09$77
Sep 202303489.042.74$93
Aug 2023010080.522.67$267
Jul 202302774.852.64$71
Jun 202304468.962.26$99
May 202302770.622.23$60
Apr 202303978.122.24$87
Mar 202301772.852.39$41
Feb 202302675.112.47$64
Jan 202302676.533.39$88
Dec 202203876.415.73$218
Nov 202205685.005.65$316
Oct 202207787.185.86$452
Sep 202207984.888.16$645
Aug 202208194.529.13$739
Jul 20220101101.587.54$762
Jun 2022076115.097.98$606
May 20220202109.378.43$1,703
Apr 20220123104.226.84$841
Mar 20220104108.885.08$528
Feb 202204891.054.86$233
Jan 202204481.844.54$200
Dec 202101571.323.90$58
Nov 202106177.435.24$319
Oct 202104179.795.71$234
Sep 202103869.865.35$203
Aug 202108566.024.22$359
Jul 202107570.783.98$299
Jun 202106769.493.38$227
May 2021015463.483.02$465
Apr 2021010260.362.76$281
Mar 2021018961.302.72$514
Feb 202107157.805.55$394
Jan 2021015050.412.81$422
Dec 202008444.642.68$225
Nov 202003938.772.71$106
Oct 202007836.972.48$193
Sep 2020011937.091.99$237
Aug 2020016039.982.39$382
Jul 2020023238.371.83$423
Jun 2020010734.901.69$181
May 2020010216.921.81$185
Apr 20200814.751.80$14
Mar 202006830.341.86$126
Feb 202005149.881.98$101
Jan 2020016857.252.09$352
Dec 201903659.012.30$83
Nov 201902055.302.75$55
Oct 201902253.472.42$53
Sep 201903655.052.66$96
Aug 20190953.112.30$21
Jul 2019010256.272.46$251
Jun 20190852.782.49$20
May 201902658.482.74$71
Apr 201901262.632.75$33
Mar 201903756.803.06$113
Feb 201904750.852.79$131
Jan 201903546.033.23$113
Dec 201802246.594.19$92
Nov 201802652.934.24$110
Oct 201804061.443.40$136
Sep 201804759.543.11$146
Aug 201801959.403.07$58
Jul 201803365.142.93$97
Jun 201804660.183.08$142
May 201807965.382.90$229
Apr 201803763.842.90$107
Mar 201803561.222.79$98
Feb 201806461.782.77$177
Jan 201805162.874.01$204
Dec 201703957.272.92$114
Nov 2017013055.423.12$405
Oct 201703549.292.98$104
Sep 201703547.523.09$108
Aug 201703745.373.00$111
Jul 201704243.873.09$130
Jun 201703242.493.09$99
May 201706345.373.26$206
Apr 201705847.933.21$186
Mar 201704546.772.98$134
Feb 201705150.452.95$151
Jan 201704149.413.42$140
Dec 201604748.763.72$175
Nov 201604342.492.64$114
Oct 201605046.193.09$155
Sep 201605041.553.10$155
Aug 201604241.442.92$123
Jul 201605941.622.92$173
Jun 201603145.352.69$83
May 201604942.521.99$98
Apr 201603536.561.99$70
Mar 201603633.011.79$65
Feb 201601426.472.06$29
Jan 2016011427.352.36$270
Dec 201501532.362.00$30
Nov 201503638.792.17$78
Oct 201504643.552.43$112
Sep 201503342.992.76$91
Aug 201504340.162.87$124
Jul 201505148.152.95$150
Jun 201505456.152.88$156
May 201504655.212.96$136
Apr 201502849.822.71$76
Mar 201504542.892.93$132
Feb 201503444.662.98$101
Jan 201503143.433.10$96
Dec 201406254.693.59$223
Nov 201403670.464.25$153
Oct 201405378.303.90$207
Sep 201404286.164.05$170
Aug 201402789.394.04$109
Jul 201405296.564.18$217
Jun 201405698.164.74$265
May 201404594.734.73$213
Apr 201403695.944.81$173
Mar 201404495.895.06$223
Feb 201403497.406.19$211
Jan 201404090.404.86$194
Dec 201302991.824.35$126
Nov 201303388.853.74$123
Oct 201303397.423.78$125
Sep 2013041104.113.72$152
Aug 2013053104.253.52$187
Jul 2013044102.523.72$164
Jun 201304194.403.93$161
May 201304594.834.15$187
Apr 201304193.964.28$176
Mar 201304393.623.91$168
Feb 201304291.233.42$144
Jan 201302991.603.42$99
Dec 201204786.773.42$161
Nov 201205886.953.62$210
Oct 201204589.383.40$153
Sep 201204894.672.92$140
Aug 201205192.662.91$148
Jul 201205885.133.02$175
Jun 201204979.822.52$123
May 201205291.612.49$129
Apr 2012053101.652.00$106
Mar 2012037105.052.22$82
Feb 2012053101.102.57$136
Jan 201202898.092.73$77
Dec 201104796.873.24$152
Nov 201104595.723.31$149
Oct 201105284.983.65$190
Sep 201105983.623.99$235
Aug 201105283.404.15$216
Jul 201105694.144.52$253
Jun 201106692.904.64$306
May 201106398.134.40$278
Apr 2011054105.964.33$234
Mar 201106396.364.06$256
Feb 201104685.644.18$192
Jan 201105586.504.59$252
Dec 201006185.734.35$265
Nov 201006880.843.80$258
Oct 201005478.103.51$189
Sep 201003672.633.98$143
Aug 201004673.684.42$203
Jul 201005672.554.74$265
Jun 201005270.364.91$255
May 201005571.124.24$233
Apr 201005681.694.12$231
Mar 201005478.394.39$237
Feb 201005273.585.44$283
Jan 201005274.365.96$310
Dec 200905771.445.48$313
Nov 200905874.593.75$218
Oct 200905472.544.11$222
Sep 200906465.543.06$196
Aug 200906367.423.22$203
Jul 200906861.133.46$236
Jun 200906266.163.90$241
May 200905654.743.93$220
Apr 200905546.773.59$197
Mar 200906442.144.06$260
Feb 200905032.814.63$232
Jan 200905435.865.37$290
Dec 200805937.105.98$353
Nov 200806555.496.86$446
Oct 200806975.246.92$478
Sep 2008032101.767.88$252
Aug 2008078114.228.48$662
Jul 2008079131.0811.39$900
Jun 2008063131.3313.03$821
May 2008084123.1711.57$972
Apr 2008067110.3110.45$700
Mar 200807101.909.66$68
Feb 200802692.538.77$228
Jan 200803290.388.21$263
Dec 200702988.337.30$212
Nov 200703691.677.29$263
Oct 200703782.856.92$256
Sep 200703975.846.24$244
Aug 200702969.066.39$185
Jul 200705070.906.39$319
Jun 200705762.007.55$430
May 200703158.747.85$243
Apr 200705259.617.81$406
Mar 200705556.927.30$402
Feb 200703955.108.22$320
Jan 200704650.306.73$309
Dec 200604856.656.92$332
Nov 200604454.207.62$335
Oct 200604854.906.01$289
Sep 200604960.085.04$247
Aug 200606068.717.34$440
Jul 200606669.376.34$419
Jun 200606666.286.38$421
May 200608366.016.42$533
Apr 200608964.397.36$655
Mar 2006010756.707.08$758
Feb 200602257.597.75$171
Jan 200602460.598.93$214
Dec 200501354.9413.42$174
Nov 200502054.6910.59$212
Oct 200502558.3413.80$345
Sep 200502961.4512.08$350
Aug 200502961.519.80$284
Jul 200502555.697.84$196
Jun 200502152.337.38$155
May 200503245.226.65$213
Apr 200502549.207.36$184
Mar 200501850.377.15$129
Feb 200502645.226.31$164
Jan 200503443.166.32$215
Dec 200403339.866.75$223
Nov 200403645.286.33$228
Oct 200403849.706.52$248
Sep 200403443.245.28$180
Aug 200404142.375.55$228
Jul 200405538.286.08$335
Jun 200405336.106.43$341
May 200405337.486.49$344
Apr 200404534.475.86$264
Mar 200404934.365.53$271
Feb 200404832.455.51$264
Jan 200402332.036.30$145
Dec 200301730.266.30$107
Nov 200302228.804.60$101
Oct 200301928.174.76$90
Sep 200301626.314.75$76
Aug 200302029.765.13$103
Jul 20030729.415.17$36
Jun 200301828.565.98$108
May 200301126.595.97$66
Apr 20030926.675.41$49
Mar 200302531.146.10$152
Feb 20030933.487.93$71
Jan 200301330.315.58$73
Dec 200201426.914.85$68
Nov 200201624.664.14$66
Oct 200202126.464.23$89
Sep 200201827.443.64$65
Aug 200201425.963.16$44
Jul 20020924.583.06$28
Jun 200201723.733.34$57
May 200202424.663.58$86
Apr 200201623.653.51$56
Mar 200201922.003.10$59
Feb 200201218.222.38$29
Jan 200201117.172.38$26
Dec 200101316.932.36$31
Nov 200101618.072.41$38
Oct 200101319.782.53$33
Sep 20010924.262.25$20
Aug 200102924.873.05$89
Jul 200101923.933.20$61
Jun 20010824.563.82$31
May 20010925.524.31$39
Apr 200102024.685.34$107
Mar 200101024.545.38$54
Feb 200101627.755.77$92
Jan 200101827.478.40$151
Dec 200003726.889.12$338
Nov 200002932.215.66$164
Oct 200003831.235.15$196
Sep 200002431.875.19$124
Aug 200002529.644.54$114
Jul 200004428.534.09$180
Jun 200002029.304.40$88
May 200001427.263.68$52
Apr 200001824.513.12$56
Mar 200002028.422.86$57
Feb 200001427.622.73$38
Jan 200001125.272.48$27
Dec 199901024.282.42$24
Nov 199901223.192.43$29
Oct 19990920.982.80$25
Sep 199901221.752.62$31
Aug 199901419.262.88$40
Jul 19990917.892.37$21
Jun 199902315.942.36$54
May 199902215.792.32$51
Apr 199902215.102.21$49
Mar 19990812.471.84$15
Feb 19990149.981.82$25
Jan 199901410.381.90$27
Dec 19980139.201.77$23
Nov 19980910.892.19$20
Oct 199801212.421.97$24
Sep 199801412.592.08$29
Aug 199801811.301.91$34
Jul 19980711.742.24$16
Jun 199801811.242.24$40
May 199801612.622.21$35
Apr 199801213.042.51$30
Mar 199801112.802.31$25
Feb 19980713.952.30$16
Jan 199801514.702.15$32
Dec 199701116.322.41$27
Nov 199701018.193.09$31
Oct 1997010219.253.15$321
Sep 19970817.742.95$24
Aug 199701417.862.55$36
Jul 199701817.582.25$40
Jun 199702317.242.26$52
May 199702318.972.31$53
Apr 199701617.882.08$33
Mar 199702718.951.94$52
Feb 199703520.492.21$77
Jan 19970423.483.54$14
Dec 199601323.32$0
Nov 199601521.97$0
Oct 199601323.31$0
Sep 199601522.22$0
Aug 199601320.26$0
Jul 199603519.55$0
Jun 199604618.73$0
May 19960719.43$0
Apr 199603621.51$0
Mar 199603419.38$0
Feb 199606316.98$0
Jan 199602917.07$0
Dec 19950417.19$0
Nov 199501616.00$0
Oct 199501915.43$0
Sep 199501616.18$0
Aug 199505915.92$0
Jul 199501215.24$0
Jun 19951816.41$16
May 199513017.56$18
Apr 199513217.73$18
Mar 199513516.44$16
Feb 199558316.58$83
Jan 19951215.92$16
Dec 199407115.03$0
Nov 199404915.90$0
Oct 19940415.58$0
Sep 199407815.29$0
Aug 199407016.13$0
Jul 199402017.56$0
Jun 199408917.09$0
May 199408015.88$0
Apr 199408714.14$0
Mar 199406512.46$0
Feb 199406212.50$0
Jan 199407212.66$0
Dec 199308812.33$0
Nov 199305714.49$0
Oct 199304115.85$0
Sep 199307515.03$0
Aug 199308415.66$0
Jul 199309915.46$0
Jun 199308216.79$0
May 199309817.68$0
Apr 199309918.05$0
Mar 1993010318.14$0
Feb 1993010617.90$0
Jan 199305916.93$0

How to read this page

The arithmetic is one multiplication per stream per month. Here it is, worked, on a real row from the table above.

May 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $106.41 =         $0
Gas                   33 Mcf  × $  3.05 =       $101

────────────────────────────────────────────────────
Month total                                     $101

The volumes are the state's, unchanged

Every barrel and every Mcf on this page is a number the Railroad Commission of Texas published in its monthly production query. Nothing is modelled, estimated or filled in.

The dollars are a multiplication, not a valuation

Volume × a published monthly price. It is not what the operator was paid: it takes no account of a contract, a differential, a transportation deduction, or the share any one owner holds.

Oil and gas are priced differently

Oil is a Texas realisation — the crude oil first purchase price. Gas is a benchmark, because no free Texas wellhead gas series exists at any date. The prices page publishes the difference rather than correcting it away.

A lease is not a well

The state reports oil on lease and gas on well, and this page is the lease grain. 7C/G/126462 is the state's own key, not one this site invented.